The Documents needed for obtaining a Personal Loan.

The documentation process can be different in accordance with the particular lender. However, the exact same could be divided in two components - KYC & Financial Records and here are the typically requested documents:

KYC Records
  • Passport Size Photograph
  • Identity Proof Aadhaar, PAN, Passport, DL or Voter ID
  • Home Evidence - Electricity Bill, Mobile Bill or Water Bill
Financial Records
  • Latest 3 month's bank statement of your salary accounts
  • Last 3 month's wages slips

Eligibility Criteria

Eligibility for the loan varies from bank to bank and also depends upon the type of the loan. however, the general criteria depend upon your

  • Age
  • Occupation
  • Income
  • Capacity to repay the loan
  • Place of residence

Compare Interest Rates

Bank Interest Rate Action
HDFC Bank 10.50%* Apply Now
HDB 13.99%* Apply Now
IndiaBulls 11.99%* Apply Now
Bajaj Finserv 11.49%* Apply Now
Yes Bank 10.25%* Apply Now
ICICI Bank 10.50%* Apply Now
Standard Chartered Bank 10.50%* Apply Now

About Personal Loan In Chennai & Features

Fulfil your dreams with BookMyMoney Personal Loan!

Life throws all kinds of challenges in people. While some of those challenges are satisfied with private efforts, other challenges ask that you take financial aid, be it from friends, family or banks in form of rapid personal loans.
Personal loans are great if it comes to coping with life's financial challenges. There are a lot of occasions when you need quick money for numerous reasons, it could be a medical emergency, or an urgent housing renovation, an overseas holiday, a family wedding or some other similar thing. Getting an instant personal loan not only can help you get by quick repayment of it, but also enhances your credit rating, thus enabling you to take larger help next time.

BookMyMoney is The Best Place to Find the Personal Loan You Need!

There is a multitude of banks and NBFCs that offer fast and simple personal loans. But, finding the one which best fits your needs is time and effort intensive. Together with BookMyMoney, getting personal loan is now a breeze.

Personal Loan In Chennai is a general purpose loan. In details, it is an unsecured loan taken by individuals from a bank or a non-banking source (NBFC) to meet their personal needs. Unsecured means here, a Personal Loan In Chennai is not secured against any asset like a home loan or a car loan. Since it’s an unsecured loan the borrower does not put up anything like gold or property to avail it and the lender, in case of the borrower does not able to pay, cannot auction anything he owns. It is provided on the basis of income level, repayment capacity, credit and employment history, etc. Although, the interest rates on Personal Loan In Chennais may be higher than those on home, car or gold loans. But it is fine because of the greater perceived risk when sanctioning them.

You want to do some personal stuff, want to start your own business or anything that needs lots of money, the Personal Loan In Chennai will be a good fit for this situation. From buying a home or car, going on a vacation, buying something extraordinary, BookMyMoney has the lending services you need to make it happen. We are a no-cost loan service provider, we guide you throughout the process and ensure that you get the required amount at a minimum rate of interest. Many of life’s milestones are already reached with the help of a loan and you can do the same under the guidance of us.

Banks say, Personal Loan In Chennais are probably more convenient than other loans but if you apply directly in the bank, you will face many difficulties in the form of formalities. For the loan approval, being tossed between the desks in banks for paper verifications and checking the eligibilities for the loan can be a nightmare for many people. But now, applying for the loan is very easy as we at Bookmymoney, are here to assist you for hassle-free loan services. We understand people don’t have time in this modern era, that’s why we are making it easy for you. What you have to do is to just apply on our site and we will assist you at every step without any charge.

Staying in a pricey place like Chennai can render a dent in your pocket if expenses and investments aren't planned correctly. Frequently, we want Loans during specific situations as a helping hand. A recent study proves that a large number of individuals are interested in personal loan in Chennai, while individuals are finding it tough to get access to personal loans using the standard stations. Book my Money is helping individuals to get Low-Interest Private loan in Chennai.

Now a days people are ready to invest more cash on dispensable items like a cell phone. Our buying power has increased in addition to the shift in our buying habits. The love for the newest gadget today compels people to change their mobile phones after the first flagship started. To remain current with all the civilization, people are now keen to acquire private loans to satisfy the requirements of today. While sooner people made loans for very urgent matters like a medical crisis, now they have been getting them to get a lot of explanations.

Obtaining a personal loan among essential reasons for this popularity is the simple repayment via simple EMIs. Finding a loan and paying it has become straightforward now. Interest rates on private loan will also be minimal. Virtually all private and public banks are supplying private loans in Noida on competitive interest prices.

Even though the process is not tricky, but finding a private loan in Chennai is a little time consuming and frequently involves quite a few measures. Book my Money supplies you with a stage where it is easy to compare different private loans offered by various banks. You do not need to waste your valuable time in travelling, or to phone distinct lender to be aware of their bargains; all advice is offered to you from Book my Money!

Advantages of Utilizing BookMyMoney for Obtaining Your Personal Loan In Chennai

  • BookMyMoney is the one stop store to obtain the Personal Loan In Chennai of your choice that provides customizable loan choices.
  • BookMyMoney saves your energy and time. BookMyMoney permits you to jump through lengthy queues and receive your own loan delivered to your doorstep.
  • BookMyMoney understands your loan needs and indicates loans which are best suited to you.
  • BookMyMoney supplies a hassle-free expertise to all its clients, no longer futile handling of many files.
  • Credit Nation Offers one of the simplest EMI alternatives for the loan. Reserve my Money provides amazing bargains on several different Personal Loan In Chennais.
  • BookMyMoney simplifies the whole loan borrowing procedure.
What Defines the Personal Loan In Chennai?

If we simply put, it is an unsecured loan offered by banks and NBFCs to the creditors to look after their personal financial requirements. Interest rates on private loans are generally higher than the secured loans. But, BookMyMoney provides a technology platform that will help individuals access more than 40 Banks and NBFCs that help them to select best merchandise for Low Interest Personal Loan In Chennai

How can you utilize a Personal Loan In Chennai?

A Personal Loan In Chennai isn't necessarily connected to a specific use case, it can be utilised to satisfy your own personal expenses and banks do not set a restriction on the usage of the Personal Loan In Chennais. The use of loan might be for things such as taking a much-needed holiday, purchasing a gadget one was looking for, for education of kids or self or perhaps for renovating your home.

What can be the maximum loan duration ?

The Personal Loan In Chennai duration can be varied from 12 to 60 months. The minimum and maximum limit extension may be allowed on a case by case basis, but it is rare.

How much time it will take to disburse the loan amount ?

Normally, Banks disburse the loan amount within 7 working days from the loan application date. Once approved, the borrower gets the money deposited automatically into his saving account by any electronic means or he may receive a cheque/draft equal to the loan amount.

How much money can one borrow ?

The loan amount depends on your income and varies based on whether you are salaried or self-employed. Normally, the banks provide the loan under the limit that the EMI should not exceed 40%-50% of the monthly income.